Goodyear Tire & Rubber - M&A Summary and Business Overview

AutomotiveCompany

Goodyear Tire & Rubber M&A Summary

Goodyear Tire & Rubber has acquired 5 companies, including 2 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 5 assets.

Goodyear Tire & Rubber’s largest acquisition to date was in 2021, when it acquired Cooper Tire & Rubber for $2.5B. It’s largest disclosed sale occurred in 2007, when it sold Veyance Technologies to for $1.5B. Goodyear Tire & Rubber has acquired in 2 different US states, and 3 countries. The Company’s most targeted sectors include automotive (40%) and manufacturing (40%).

Goodyear Tire & Rubber Business Overview

Where is Goodyear Tire & Rubber headquartered?

Goodyear Tire & Rubber is headquartered in Akron, Ohio.

What is Goodyear Tire & Rubber’s revenue?

Goodyear Tire & Rubber disclosed revenue of 20,805M USD for 2022 and 17,478M USD for 2021.

How many employees does Goodyear Tire & Rubber have?

Goodyear Tire & Rubber has 62,000 employees.

What sector is Goodyear Tire & Rubber in?

Goodyear Tire & Rubber is an automotive company.

When was Goodyear Tire & Rubber founded?

Goodyear Tire & Rubber was founded in 1898.

M&A Summary

  • M&A Total Activity10
    • M&A Buy Activity5
    • M&A Sell Activity5
  • Total Sectors Invested 3
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 7
  • M&A Advisors 4

Goodyear Tire & Rubber

Goodyear Tire & Rubber Co.

200 Innovation Way,
Akron, Ohio 44316
United States,
(330) 796-2121
www.goodyear.com

Goodyear Tire & Rubber is a manufacturer of tires for automobiles, commercial trucks, light trucks, SUVs, race cars, airplanes, farm equipment and heavy earth-mover machinery. Goodyear Tire & Rubber was founded in 1898 and is based in Akron, Ohio.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 4 - 1 - - - 5
vol $2.5B $2.5B
Sell (0.0/yr) # 5 - - - - - 5
vol $1.6B $1.6B
  10

Most Recent M&A

Company Date Value Type
Cooper Tire & Rubber Co. 2021-02-22 2.5B USD Add-on Acquisition
Findlay, Ohio · www.coopertire.com
Raben Tire Co. LLC 2019-12-16 - Add-on Acquisition
Evansville, Indiana · www.rabentire.com
Ventech Systems GmbH 2017-09-20 - Divestiture
Dorsten, Germany · www.ventech.de
Nippon Giant Tire Co., Ltd. 2012-06-06 - Stake Purchase
Tatsuno, Japan · www.nippon-giant.co.jp
Goodyear Wire Business 2011-06-10 50M USD Divestiture
Asheboro, North Carolina
Däckia AB 2009-06-16 - Divestiture
Taby, Sweden · www.dackia.se
Veyance Technologies, Inc. 2007-07-31 1.5B USD Divestiture
Fairlawn, Ohio · www.goodyearep.com
Goodyear Tire Fabric 2006-09-07 80M USD Divestiture
Decatur, Alabama
Eliokem International SAS 2002-02-25 - Divestiture
Villejust, France · www.eliokem.com
Nippon Giant Tire Co., Ltd. 1985-01-01 - Joint Venture
Tatsuno, Japan · www.nippon-giant.co.jp
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Manufacturing 2 (40%) - 2 (40%) 130M (8%)
Automotive 2 (40%) 2.5B (100%) - -
Business Services 1 (20%) - - -
Chemicals - - 1 (20%) -
Machinery - - 1 (20%) 1.5B (92%)
Retail - - 1 (20%) -
Total 5 $2.5B 5 $1.6B

By Geo

State/Country Buy Value Sell Value
United States 2 2.5B 3 1.6B
  Ohio 1 2.5B 1 1.5B
  Indiana 1 - - -
  North Carolina - - 1 50M
  Alabama - - 1 80M
Japan 2 - - -
France - - 1 -
Germany 1 - - -
Sweden - - 1 -
Domestic 2 (40%) 2.5B (100%) 3 (60%) 1.6B (100%)
Cross-border 3 (60%) - 2 (40%) -
Total 5 $2.5B 5 $1.6B

Top M&A Advisors

Financial Deals
J.P. Morgan Securities
 1
Lazard Ltd.
 1
Legal Deals
Paul, Weiss, Rifkind, Wharton & Garrison
 1
Covington & Burling
 1

Deal Values

buy # Total
> $1B 1 $2.5B
TOTAL $2.5B
Largest Cooper Tire & Rubber Co.
$2.5B (2021-02-22)
sell # Total
> $1B 1 $1.5B
< $100M 2 $130M
TOTAL $1.6B
Largest Veyance Technologies, Inc.
$1.5B (2007-07-31)

M&A Connections

Deals
Acquired from
Investor(s)
20%
1 (20%)
Strategic(s)
20%
1 (20%)
Divested to
Investor(s)
40%
2 (40%)
Strategic(s)
40%
2 (40%)

Company Summary

SECTOR

Automotive

Revenue

20,805   20% 2022
17,478   42% 2021
12,321   17% 2020
14,745   5% 2019
15,475   1% 2018
15,377   2% 2017
15,158   8% 2016
16,443   10% 2015
18,138   8% 2014
19,540   7% 2013
20,992   2012
(millions of USD) Show More Show Less

Employees

62,000

Established

1898

Public

NASDAQ: GT

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